Monday, 7 July 2014

"No democratically elected government in a major country – not in France,
not in Germany, least of all in the US – is allowed to oppose the banks
and the central banks that stand behind them, though extracting
penalties to the tune of a few quarters worth of earnings – extracting
them from stockholders – is now considered an easy price to pay, and
part of the costs of doing business, to buy some protection from the
restless populists."

We have a USDCAD long setup here btw. Inside bollinger band turn trade off the low (using 50 period bands). The first target is the 50 dma. The stop is today's low. FWIW.

Equities the analysis continues. Mid-Sept low. If that is at support it means we are going to likely have one more terminal wave up into end of year. IF it is not, then this was the terminal ABC up and it is done. I have lots of reasons to think scenario 2, and a few to think scenario 1 (divergence lacking?). Either way, down into Sept and we see where that low is at and assess whether it will produce a cycle low or not....IMHO)

Thanks SJ. Nothing to do with Daneric's though although I find the whole saga that went on there more than a little depressing, more to do with the BS markets.Have been looking at currencies more and short term charts especially and quite enjoying that